Bank failure · MT
First Security Bank of Glendive (Glendive, MT) — failed December 1, 1989
First Security Bank of Glendive of Glendive, Montana was closed on December 1, 1989 and resolved through a purchase and assumption. The First National Bank of (MT) took over its insured deposits. At failure it held $32.4M in assets and $31.9M in deposits. The FDIC's estimated loss on the failure is $388K (1.2% of assets).
- Closing date
- December 1, 1989
- FDIC certificate #
- 354
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The First National Bank of
- Insurance fund
- BIF
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